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APRA has released a discussion paper outlining its proposed implementation of the Basel III capital reforms.

ASIC to focus on misconduct against financially vulnerable consumers and protecting consumers from financial harm.

Redefine Australian Investments Limited (Company), an Irish-registered company was placed in voluntary liquidation on 24 January 2018. Martin Ferris was appointed as the liquidator (Liquidator).

Issuers of short, medium and long term international debt securities have the option of utilising a new form of global note, known as the New Global Note or NGN.

The Securities Disclosure and Financial Advisers Amendment Bill introduced into parliament last week will undoubtedly streamline fundraising for listed issuers. The Bill follows recommendations made by the Capital Markets Taskforce in November 2008, aimed at facilitating capital raising by listed issuers.

Under Basel III the total capital a bank is required to hold is 8.0% of its risk-weighted assets. Total capital is divided into two broad categories: Tier I capital and Tier II capital. Broadly speaking, Tier I capital is capital that is available to absorb losses on a "going-concern" basis, or capital that can be depleted without placing the bank into insolvency, administration or liquidation.

There are two distinct financial instruments commonly referred to as "fractional shares".

This case is a reminder that creditors should carefully identify and assess any restrictions imposed on enforcement of security interests under a DOCA.

As investor expectations rise and regulatory oversight intensifies, lenders must also navigate the added layer of fund financing arrangements.

Analysis of the Corporations and Markets Advisory Committee's report on crowd sourced equity funding in Australia.

S&P will appeal but this judgment is important as it constitutes a world first adverse finding against a rating agency.

Companies considering a capital reconstruction or a capital reduction should consider the effect of the recently issued ASIC Policy Statement 188 titled "Disclosure in Reconstructions" on its proposed transaction.

Proposal to phase out the use of AT1 capital instruments by banks.

Funding costs for high-quality borrowers remain low right now – a point noted recently by the Reserve Bank of Australia.

The court ruled that Green County and Max Funding could not merely rely on a signed business purpose declaration to avoid the application of the NCC and the licensing requirement.

COVID-19 has been a very difficult time to keep many businesses afloat. If you are currently running a business, you have likely had to quickly adapt to maintain your cash flow.

This decision confirms that section 444GA can be utilised to achieve a transfer of shares in circumstances where the transaction provides for value to be paid to shareholders.